13F Wrap: Berkshire Adds JPMorgan, Funds Exit Facebook

Facebook Inc. and NXP Semiconductors NV were among the losers as investors scoured 13F filings of top fund managers to glean trading ideas and parse out trends from the third quarter. Banks were among the winners after a big bet from Warren Buffett.

Third Point, Jana and Sachem Head sold off their positions in Facebook in the third quarter, while David Tepper, Stanley Druckenmiller’s family office, and Philippe Laffont’s Coatue Management reduced their stakes. Third Point, Jericho, Magnetar and Moore Capital were among funds that exited their stakes in NXP Semiconductors after its deal with Qualcomm was terminated.

Buffett’s Berkshire Hathaway ramped up its bet on banks with stakes in JPMorgan and PNC, while also boosting its position in Bank of America by 29 percent and Goldman Sachs by 38 percent. Berkshire sold out of Walmart and Sanofi in the quarter.

Some funds added new Apple stakes in the quarter including Tiger Global, Appaloosa and Columbus Circle, while Renaissance Technologies exited its position. The filings only reflect holdings as of Sept. 30 so it’s too early to see how funds fared during October’s massive sell-off in tech stocks.

Facebook Inc. and NXP Semiconductors NV were among the losers as investors scoured 13F filings of top fund managers to glean trading ideas and parse out trends from the third quarter. Banks were among the winners after a big bet from Warren Buffett.